The secured non-convertible debentures (NCDs) will carry a coupon rate of 7.5% per annum.

"The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation," it said in a regulatory filing.

The issue will open on October 13, with a tenor ending on October 12, 2018.